Thursday, April 10, 2014

Want to Quit Your Job and Work for Yourself? Follow These 3 Steps First

Photo Via Levo League

How do you confidently make the leap from corporate employee to entrepreneur or consultant?

If you want to make it on your own, there are three important steps many successful entrepreneurs take before they head out.

Reduce
your costs

Live minimally. Gain freedom from
your job by not needing the paycheck.

The more expensive your lifestyle,
the riskier it is to jump to something new and uncertain that could have a
potentially low income at start.

Build
a nest egg

Tuck away a little bit of money each
paycheck to save for your future expenses. A great rule of thumb is to save
enough to cover six months of expenses.

Hustle on the side

It’s called moonlighting, and it’s a great way to test
whether something you want to do is feasible. The best time to try out
your new project or company is when you have the structure of your
current job to help support you.